495 Winscott Rd Benbrook, TX 76126
- Industrial properties
- 31,393 SF
- 3.67 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 495 Winscott Rd
- Year built
- 1982
- Lot size
- 3.67 lot acres
- Property size
- 31,393 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional 31,393 square foot flex building in Benbrook, Texas, presents a compelling investment opportunity. Located at 495 Winscott Rd, Fort Worth, TX 76126, this two-story, 100% occupied property boasts a strong 7.49% cap rate and a substantial net operating income (NOI) of $489,024. The property features a triple-net (NNN) lease with a credit-rated tenant, minimizing landlord responsibilities. The current lease, commencing June 6, 2018, and expiring October 31, 2028, has a remaining term of 3.9 years, with a built-in 3.75% annual rent bump after year six and a one-time five-year lease option. Situated on a 3.67-acre lot in a highly desirable industrial zone (H - Industrial), the building benefits from convenient access to Interstates 20 and 820, major transportation arteries. The property's location within a dense industrial and office area, free from restrictive zoning, further enhances its value. Adjacent to the significant Chisolm Twenty Industrial Development (917,374 sq ft), this asset offers significant potential for future expansion, with adjacent land available for purchase. Built in 1982, this property offers a solid return on investment with a price per square foot of $207.85 and an asking price of $6,525,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Benbrook
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4489
- Latitude
- 32.6889
